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Nov 10, 2012
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. >> reporter: house speaker john boehner reiterating his plan. the speaker saying he's unwilling to raise taxes but is open to new revenue by eliminating some tax deductions and loopholes. >> by lowering rates and cleaning up the tax code we know we're going to get more economic growth. it'll bring jobs back to america. it'll bring more revenue. >> reporter: with their starting points for negotiations defined both parties agree a deal must be reached or the economy will fall back into recession. >> i was encouraged to hear speaker boehner agree that tax and revenue is a priority. >> reporter: in washington, nicole collins fox news. >>> more details on that so called fiscal cliff. without action bush era tax cuts would end. including the child tax credit and earned income tax credit. billions of the dollars in automatic spending cuts would kick in including money for education, food inspections and air travel safety. >>> the dow industrials closed up four points the nasdaq gained nine. but for the week, both of those indexes ended more than 2% low
. >> reporter: house speaker john boehner reiterating his plan. the speaker saying he's unwilling to raise taxes but is open to new revenue by eliminating some tax deductions and loopholes. >> by lowering rates and cleaning up the tax code we know we're going to get more economic growth. it'll bring jobs back to america. it'll bring more revenue. >> reporter: with their starting points for negotiations defined both parties agree a deal must be reached or the economy will fall...
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Nov 11, 2012
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i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday expires. and $984 billion in cuts will be triggered. joining me now, andy sullivan and sher a tupletts. what do you expect to come out of the meeting friday and will any real progress made? >> oh, no, but i think the optics will be important. there will beside by side getting their picture taken and i think this will reassure voters and most importantly investors that they are serious about the problem and they want t to get something done before the end of the year. they've pretty much gotten a free ride from the markets. everybody knew this was co
i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday...
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Nov 12, 2012
11/12
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i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we hear
i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration....
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a demographic bubble now of course boehner is using this argument to talk about reforming entitlements but actually our guest counts as group as part of the demographic that wakes up and says oh holy night i have no savings what to do well joining me from our l.a. studios mike malone to tell us who is founder of gold silver dot com author of the book the guide to investing in gold and silver part of the rich dad poor dad series and he's always someone that we hear a capital account in our viewers love to hear from so thanks so much for being on the show this friday. thank you more on how are you doing now i actually can't hear a word that you just said but i'm sure you get that fixed and i think you just said thank you but now that the elections are over it is all about the fiscal cliff everywhere you look at what happens if the u.s. goes over the fiscal cliff and what are politicians going to do to avert the fiscal cliff and can they come to an agreement let's step back out of this narrative that the u.s. has to avert this cliff in order to avoid recession and doesn't really matter lo
a demographic bubble now of course boehner is using this argument to talk about reforming entitlements but actually our guest counts as group as part of the demographic that wakes up and says oh holy night i have no savings what to do well joining me from our l.a. studios mike malone to tell us who is founder of gold silver dot com author of the book the guide to investing in gold and silver part of the rich dad poor dad series and he's always someone that we hear a capital account in our...
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Nov 10, 2012
11/12
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KNTV
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i think speaker boehner laid out $800 billion in revenues the last time that they met. the real issue here, in my opinion, and i meet republicans and democrats all the time, is how deeply we're going to deal with the issue of entitlements and especially the medicare program. to me, that's the key to these decisions, and discussions, and that is will the president be willing to really fundamentally change the medicare program so that it's solvent for the future. i believe if he's willing to do that, i think you're going to see a compromise here. and i think you're going to see something very -- >> on the part of democrats to touch those. i want to talk briefly about this notion of a two-step measure that speaker boehner supports a stopgap that would buy a little time until january and then pick up the harder business down the road. can we afford that? but can we do this all in one step? >> yeah, i'm not a fan of that. look, we all know what the issues are. we've been talking about this for two years. we've had two dry runs at it now. i'm not a fan of a two-step process.
i think speaker boehner laid out $800 billion in revenues the last time that they met. the real issue here, in my opinion, and i meet republicans and democrats all the time, is how deeply we're going to deal with the issue of entitlements and especially the medicare program. to me, that's the key to these decisions, and discussions, and that is will the president be willing to really fundamentally change the medicare program so that it's solvent for the future. i believe if he's willing to do...
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Nov 12, 2012
11/12
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. >> house speaker john boehner argued against any tax rises -- tax hikes. >> instead of raising taxes on americans, let's begin to solve the problems. let's focus on tax reform, closing the loopholes and tax rates. instead of an arbitrary cuts that will endanger our defense, but consumers about entitling -- short of the entitlement programs. >> in haiti, turn to rains and floods have killed 11 people and left thousands homeless. just two weeks after he was devastated by hurricane sandy, rivers have overflowed, crops have been destroyed, and aid workers say they are in dire need of supplies. >> we have 150 people here with only 12 sacks of bread. they gave us four cases of jews this morning. the world food program brought two packs of cookies for each one. we have handicapped people here, women who give birth last night. we have nothing for them. >> and the york region is continuing its slow recovery, retain sunday -- slow recovery from hurricane sandy. officials say the storm caused more than $50 billion in damages to the new york region, making it the country's costliest storm apart
. >> house speaker john boehner argued against any tax rises -- tax hikes. >> instead of raising taxes on americans, let's begin to solve the problems. let's focus on tax reform, closing the loopholes and tax rates. instead of an arbitrary cuts that will endanger our defense, but consumers about entitling -- short of the entitlement programs. >> in haiti, turn to rains and floods have killed 11 people and left thousands homeless. just two weeks after he was devastated by...
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Nov 10, 2012
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>> what i was saying is that just focusing on -- i think what matt and boehner and some others on the right would like to us believe is that just by extending the bush tax cuts and focusing on tax cuts for so-called job creators is enough and we know that after 40 years of trickle down, that that does not work that. does not grow the economy. so what we need is to focus more on the investments that will not only educate people and get people back to work and create opportunities, but also things that actually help people who have jobs get back to work, the investments -- >> arthel: forgive me, but i've got to give matt 20 seconds. go ahead. >> we just had an election. let's put the talking points aside. let's agree whether you're republican or democrat and you're sitting in that oval office, you've got to get this economy growing. it's an anemic economy. you're not going to grow it by raising taxes on any job creators. if you try raise it on high income earners, you're raising taxes on small businesses. that means his presidency is going to go down as a failure. i think he's smarter t
>> what i was saying is that just focusing on -- i think what matt and boehner and some others on the right would like to us believe is that just by extending the bush tax cuts and focusing on tax cuts for so-called job creators is enough and we know that after 40 years of trickle down, that that does not work that. does not grow the economy. so what we need is to focus more on the investments that will not only educate people and get people back to work and create opportunities, but also...
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Nov 11, 2012
11/12
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boehner says the we can hope for a band-aid solution? >> the reason i said probably mid-february you are able for the month of january and half of february to hold off on some of these tax withdrawals you are able to do treasury department. in the first year of defense cuts only about 15% of what you actually appropriated is spent. it's paid out over four years. so you are able to get into the 1st of february february before real damage is gone. if you go into march, you will have a minimum negative g.d.p. growth and negative reduction. tony had another pointed there. bipartisan debt commission said two-thirds of this should be done by approximately spending cut entitlement reform because that is a large part of the budget but about one-third has to be done by tax revenues. they understand what a principle bipartisan compromise is needed must be done for the good of the american people. >> heather: i wanted to talk more about that. this is nonprofit partisan congressional budget office. they said the current national debt exceeds 70% of
boehner says the we can hope for a band-aid solution? >> the reason i said probably mid-february you are able for the month of january and half of february to hold off on some of these tax withdrawals you are able to do treasury department. in the first year of defense cuts only about 15% of what you actually appropriated is spent. it's paid out over four years. so you are able to get into the 1st of february february before real damage is gone. if you go into march, you will have a...
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Nov 11, 2012
11/12
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so let boehner be boehner. host: the tax code, changes to the overall tax code next year. how likely is that? guest: i think it's likely. it won't be immediate. you want to get it right as you possibly can but that's a leverage point for john boehner. let's not focus on the latesth rates, we know there are all these other areas where we can begin to grab revenue and pull it back into the government. and i think that's going to give him some leverage but he's going to need that leverage going into this and not be second guessed. host: our first call is from maryland but i want to put this on the table. is michael steele interested in running for governor in 2014? guest: i don't know. i love my state. it's where i was born and i'm not happy with what i see there. a lot of frustration. we've had a lot of spending in the state and a lot of tax increases and i think people are looking for something that is going to be a little different. it's a tough state and -- host: tough state for a republican? guest: tough state for a republican and it's one of those opportunities you have
so let boehner be boehner. host: the tax code, changes to the overall tax code next year. how likely is that? guest: i think it's likely. it won't be immediate. you want to get it right as you possibly can but that's a leverage point for john boehner. let's not focus on the latesth rates, we know there are all these other areas where we can begin to grab revenue and pull it back into the government. and i think that's going to give him some leverage but he's going to need that leverage going...
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Nov 8, 2012
11/12
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. >> reporter: republicans are keeping control of the house and speaker john boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. >> reporter: both parties will have to compromise by the end of the year to avoid the so- called "fiscal cliff." if they don't, the country faces a rollback of tax cuts as well as big cuts to defense and social programs. and there will be little time for the winners to celebrate. next tuesday, congress convenes and the top discussion will be on that "fiscal cliff." at the white house, tara mergener cbs 5. >> mitt romney and his wife left their boston hotel this morning. their future is uncertain. romney spent the past six years running for president. what's next? the initial plan is to spend time with family. but his wife recently said he will not run again for president. there is april general consensus the 65-year-old politician was unlikely -- there is a general consensus the 65-ye
. >> reporter: republicans are keeping control of the house and speaker john boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. >> reporter: both parties will have to compromise by the end of the year to avoid the so- called "fiscal cliff." if they don't, the country faces a rollback of tax...
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Nov 11, 2012
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speaker boehner, the republican speaker of the house, has already said that's a nonstarter. aren't we right back where we were last year? >> well, i don't think so, bob, for a am could you have reasons. first of all, i think the speaker also said he wasn't going to get into details about what he would or wouldn't accept. he didn't want to foreclose discussions, and that was a positive sign. his rhetoric has been encouraging. and i think we have also had an intervening election, and in fact the position of the president articulated friday was the position that he's articulated throughout the campaign. you look at those exit polls, and a healthy majority of americans agree with him. and that's certainly going to help him form these discussions. >> schieffer: the president won, but this was a very close victory. and it came down to those battleground states. and it was close even there. does the president feel that won a mandate? >> well, bob, on this particular issue, it wasn't close. as i said, if you look at the exit polls-- i think it was somewhere around 60% of the america
speaker boehner, the republican speaker of the house, has already said that's a nonstarter. aren't we right back where we were last year? >> well, i don't think so, bob, for a am could you have reasons. first of all, i think the speaker also said he wasn't going to get into details about what he would or wouldn't accept. he didn't want to foreclose discussions, and that was a positive sign. his rhetoric has been encouraging. and i think we have also had an intervening election, and in...
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Nov 9, 2012
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we've listened to speaker boehner. the president will make his case today. is there generally a mood that enough of this dysfunction, let's get things done and let's compromise, as long as we don't cross over our principles? >> yeah. i think there is a mood for compromise. the question is -- it will be interesting to watch the theater here. in 2010 during the lame duck period after the election there was -- they got some work done. and what -- for negotiation to work, both sides will probably start very far away. the question is will each leave the other a pathway so that they can get to a compromise. and so one thing quite difficult is for republicans to vote for a tax increase for those over $250,000. that's where things will start. the question how does it get worked out behind the scenes? in the new agreement -- in 2010 a lot of liberals were angry with the president because it looked like he had lost by allowing an extension of the bush era tax cuts we're talking about all over again. what the president did, though was won an extension of the payroll ta
we've listened to speaker boehner. the president will make his case today. is there generally a mood that enough of this dysfunction, let's get things done and let's compromise, as long as we don't cross over our principles? >> yeah. i think there is a mood for compromise. the question is -- it will be interesting to watch the theater here. in 2010 during the lame duck period after the election there was -- they got some work done. and what -- for negotiation to work, both sides will...
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Nov 8, 2012
11/12
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speakser boehner suggested for the first time a framework -- speaker boehner sucked for the first time a framework to avoid the massive spending cuts and tax increases that will kick in this less than two months if congress doesn't act. >> because the mesh people expect us to find common ground, we're willing to accept -- and extend the olive branch. >> reporter: president obama is getting his first post election presidential briefing this morning. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:16. here's some good news. tuition will be reduced for california state university, now that voters passed prop 30. csu said they were able to avoid a $250 million mid-year budget cut. so it will rescind a $299 per semester fee hike. that will bring grad waits -- rates back to last year's rates. >>> believe it or not, bay area election officials still have thousands of ballots to count. santa clara has up to 235,000 mail-in and provisional ballots to cut. san francisco has about 90,000. alameda county has about 140,000. and some of the races are still too close to
speakser boehner suggested for the first time a framework -- speaker boehner sucked for the first time a framework to avoid the massive spending cuts and tax increases that will kick in this less than two months if congress doesn't act. >> because the mesh people expect us to find common ground, we're willing to accept -- and extend the olive branch. >> reporter: president obama is getting his first post election presidential briefing this morning. reporting live from washington,...
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Nov 12, 2012
11/12
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second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to me, this is like they've got the gun to their head. are you going to pass the tax cut fo
second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you...
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Nov 10, 2012
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obama and house speaker john boehner laid out their new positions, which sound a lot like their old positions. the president says he will be flexible to a point. >> i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> republicans say they won't budge on taxes unless democrats bring to cut the costs of social security and medicare, starting with the raising the minimum ages to qualify. >>> with the showdown looming over whether the police department guess into receivership, oakland is urging a middle ground. ever since 2000 where there was rampant police corruption, the department has been threatened with a federal takeover unless reforms were implemented. now with a december court date, the city is bracing for a possible takeover. but in a 34-page court filing, city leaders argued for th
obama and house speaker john boehner laid out their new positions, which sound a lot like their old positions. the president says he will be flexible to a point. >> i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> the problem with raising tax rates on the wealthiest americans is that more than...
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Nov 9, 2012
11/12
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. >> house speaker john boehner also spoke today. he said this is president obama's moment and his chance to show he can lead congress to a bipartisan solution. >>> it is a flat out no comment so far from redwood city electronic arts after news one of its video games may cost one of its members s.e.a.l. team 6 team's their job. they were paid to help design those games, right? >> i'm he going to tell you right now, that's not unusual. i've met with video game designers for almost 20 years now. at those meetings you often meet with military consultants who help them. in fact, the army has its own video game designed by the army. the problem with this new video game, medal of honor war fighter, is the consultants were navy s.e.a.l.s., special forces. they're supposed to be far more secret. the defense department has told news agencies that several members of the team, including one member who participated in the killing of osama bin laden, have been officially reprimanded for revealing secrets to the game maker. in the military, that c
. >> house speaker john boehner also spoke today. he said this is president obama's moment and his chance to show he can lead congress to a bipartisan solution. >>> it is a flat out no comment so far from redwood city electronic arts after news one of its video games may cost one of its members s.e.a.l. team 6 team's their job. they were paid to help design those games, right? >> i'm he going to tell you right now, that's not unusual. i've met with video game designers for...
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Nov 8, 2012
11/12
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KRON
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already mitch mcconnell, john boehner and the posturing of with their corn to go. this summer, the grand bargain if they had some heavy debt reduction of revenue increases in taxes. the expiring borscht tax cuts that are on the table. the question is that john boehner is playing good cop and mitch mcconnell is plain bad cop. but they're not saying much different and what they have said from last summer. >> this is where the leadership passed to come into play were if there is corralling. and hurricane santee of the northern northeast corridor in now with another storm. what about that. there are two different sections that they have to do disaster relief for sandy to budget the money for fema and the second will be follow up. so there are not conditions on valley forge staten island. >> and also that administration. we are looking at the present administration. the secretary of state, and leon panetta is going to step down. treasury. and also he is leaving and commerce has been taken for a while. basically, in washington d.c. what most of the county is saying that
already mitch mcconnell, john boehner and the posturing of with their corn to go. this summer, the grand bargain if they had some heavy debt reduction of revenue increases in taxes. the expiring borscht tax cuts that are on the table. the question is that john boehner is playing good cop and mitch mcconnell is plain bad cop. but they're not saying much different and what they have said from last summer. >> this is where the leadership passed to come into play were if there is corralling....
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Nov 12, 2012
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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Nov 9, 2012
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WUSA
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what boehner is suggesting was proposed by mitt romney in the campaign. essentially raising taxes on the rich by limiting what they take off their taxes. the president has dismissed this approach before because these same deductions also help the middle-class. so what we're seeing now is a classic negotiation, scott. both sides spent day sounding tough while they were also sending singh malls on where they might find common ground. >> pelley: wyatt, thank you very much. we'll call in bob schieffer and ask the question. bob, do you think they can make a deal? >> well, it's hard to say. what we saw today, scott, was simply both sides laying down their opening markers. both sides were very courts you and civil and that is rare these days but i think what we saw underlined today was not that they are coming together but just how far apart the two sides are. i didn't see either side give an inch. but this is just the beginning of the beginning. the real work will probably have to be done behind closed doors and i think it's going to be a while before we know i
what boehner is suggesting was proposed by mitt romney in the campaign. essentially raising taxes on the rich by limiting what they take off their taxes. the president has dismissed this approach before because these same deductions also help the middle-class. so what we're seeing now is a classic negotiation, scott. both sides spent day sounding tough while they were also sending singh malls on where they might find common ground. >> pelley: wyatt, thank you very much. we'll call in bob...
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Nov 16, 2012
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by the way, boehner's word to gohmert after the vote, "louie, i love you too." >>> finally this one. after the election we heard certain ceos were threatening to fire employees if president obama won the election. some are going through with it. robert murray, ceo of the coal company that ordered employees to attend a rally with mitt romney, laid off 156 employees the day after the election. nice guy. john schneider, ceo of papa john's pizza chain, says he will be cutting employee hours to avoid costs associated with obama care. finally, john metz, ceo of several denny's franchises, says he will add a 5% surcharge to customers' bills to offset the cost of obama care. you don't want to pay extra, he suggests you simply tip the server less to offset the cost. what a sweetheart. >>> up next, new information on the affair that brought down cia director david petraeus. you're watching "hardball," the place for politics. now back to "hardball." >>> back to "hardball." we now know the identity of that fbi agent, that tampa socialite jill kelley reached out to after receiving suspicious e-ma
by the way, boehner's word to gohmert after the vote, "louie, i love you too." >>> finally this one. after the election we heard certain ceos were threatening to fire employees if president obama won the election. some are going through with it. robert murray, ceo of the coal company that ordered employees to attend a rally with mitt romney, laid off 156 employees the day after the election. nice guy. john schneider, ceo of papa john's pizza chain, says he will be cutting...
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tears on barack obama's cheeks, looking a bit like john boehner can. but, now, they will battle. for the past four years up here, republicans had been super unified. not one defecting in some of the biggest fights. but, now, before his second term even begins, president obama is vowing to get gop allies for this fight. i'm steve handelsman, news 4, capitol hill. >>> vice president joe biden will soon have two sons in the military. his youngest son, hunter, will join the navy. he will be commissioned into the navy reserve early next year assigned to the public affairs department. hunter just has to pass the required medical tests and training because he's 42, he needed a special waiver to join the program. biden's oldest son, bo, is a member of the army national guard. he serve d a year-long deploymet in iraq. >>> the name george bush may soon appear on ballots. george p. bush filed paperwork. he is the nephew of former president george w. bush and the son of jeb bush. the youngest bush has not said what office he's seeking. >>> it's still unclear who was at fault when a metro bus
tears on barack obama's cheeks, looking a bit like john boehner can. but, now, they will battle. for the past four years up here, republicans had been super unified. not one defecting in some of the biggest fights. but, now, before his second term even begins, president obama is vowing to get gop allies for this fight. i'm steve handelsman, news 4, capitol hill. >>> vice president joe biden will soon have two sons in the military. his youngest son, hunter, will join the navy. he will...
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phone from chicago before returning to the white house last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost especially in the silicon valley. with health care behind him the tech industry feels the president can turn his attention to jobs, housing and clean technology. katie marzullo, abc7 news. >>>s did are trying to determine how badly hurt an 11-month-old fremont baby was when she fell from a third story window yesterday. firefighters say the baby landed in bushes outside her home in the 800 block of walnut avenue yesterday afternoon the baby was unconscious when she was airlifted to the hospital but breathing a
phone from chicago before returning to the white house last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800...
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Nov 10, 2012
11/12
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i think john boehner was very clear that everything is on the table with respect to revenue reductions -- revenue increases as well as spending reductions, but there are certain things that aren't. and i think what john boehner said is right, we should not be increasing tax rates on businesses in america. so i think you're going to look at it from the standpoint of can we tighten the tax code, limit deductions? there are things we can do to simplify the code that will result in more revenue because it will result in more growth. i think republicans absolutely should put those things on the table and revenue certainly should be part of the deal. >> some people are blaming you for mitt romney's failure, and i'll explain to you why. >> i wish i had such power here that i could be blamed for these things. >> allow me to elaborate. what they're saying is if he hadn't been pushed into fairly right wing quite extreme positions in his battle against the likes of you early this year for the public nominee race, then he wouldn't have gotten himself in this unholy mess of being branded against wo
i think john boehner was very clear that everything is on the table with respect to revenue reductions -- revenue increases as well as spending reductions, but there are certain things that aren't. and i think what john boehner said is right, we should not be increasing tax rates on businesses in america. so i think you're going to look at it from the standpoint of can we tighten the tax code, limit deductions? there are things we can do to simplify the code that will result in more revenue...
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Nov 10, 2012
11/12
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and today there are new signals of communication between the president and the house speaker john boehner. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? political science expert max neimann says that's exactly what it is. >> and there's a kind of dance taking place in which each side wants to portray itself as the one that is reasonable. >> reporter: that could be tough on capitol hill. today the president promised to veto any deals that include tax cuts on people making more than $250,000 a year a move republicans say will only cost more jobs. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. >> according to the ernst & young raising the top rates would destroy nearly 700,000 jobs in our country. >> reporter: while the president and the speaker are a
and today there are new signals of communication between the president and the house speaker john boehner. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? political science expert max neimann says that's exactly what it is. >> and there's a kind of dance...
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Nov 8, 2012
11/12
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boehner even opened the door to higher taxes. >> bipartisan agreement which begins to solve the problem, we're willing to accept revenue under certain conditions. >> we republicans want us to work together. >> so much talk about the impending fiscal cliff. it's dominating this agenda, although the problems have other immediate concerns, including changes thoiz cabinet. >>> a home burglary at the home of nancy pelosi is raising eyebrows. the 21-year-old admitted to robbing six homes. they found the front door smashed in. it's not clear if he took anything initially. nancy pelosi won her post again last night. some congressional insiders say pelosi is weighing her options and may not want the job again. go to nbcbayarea.com for complete results and more coverage. you can also find slide shows of viewer photos sent into the newsroom. it's nbcbayarea.com. >>> it's just one week after hurricane sandy crippled the east coast and round 2 of another storm is now there. >> janelle wang joins us from the world desk with more. >>> heavy snow and strong winds already pounding the northeast. the fie
boehner even opened the door to higher taxes. >> bipartisan agreement which begins to solve the problem, we're willing to accept revenue under certain conditions. >> we republicans want us to work together. >> so much talk about the impending fiscal cliff. it's dominating this agenda, although the problems have other immediate concerns, including changes thoiz cabinet. >>> a home burglary at the home of nancy pelosi is raising eyebrows. the 21-year-old admitted to...
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Nov 15, 2012
11/12
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. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead raising their tax rates. >> we are not going to hurt our economy and make job creation more difficult which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach
. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: boehner and other top...
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Nov 9, 2012
11/12
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where boehner is saying let's deal with this in 2013. he's actually trying to get this off the lame duck altogether, which is the way to ensure there's not a big deal. so in addition to the question about whether we are going to see a ball loance of revenues a spending cuts is whether we're going to get a big deficit deal which the president clearly wants and thinks is important. what you're hearing from boehner and mcconnell in washington speak is we don't want a deal, we don't want to go off the cliff and the only thing left is to punt. and i think that's a dangerous place as well because this is the issue one of the few times congress might be forced to actually do its job and get a budget passed for the american people. so when this question comes up about the bigger issue are we going to get a deal or not, what i'm hearing from boehner is no and the president yes. >> but the president's leverage doesn't go away if you punt for six months. i mean, it's not clear to me -- i agree with you that's one way to read the boehner/mcconnell p
where boehner is saying let's deal with this in 2013. he's actually trying to get this off the lame duck altogether, which is the way to ensure there's not a big deal. so in addition to the question about whether we are going to see a ball loance of revenues a spending cuts is whether we're going to get a big deficit deal which the president clearly wants and thinks is important. what you're hearing from boehner and mcconnell in washington speak is we don't want a deal, we don't want to go off...
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we're hearing from speaker boehner, we're hearing from the president. tell me more about how markets are reacting. >> first of all, you look at how the markets are doing, they are pretty flat. triple digit plunge made any real gains that we saw in the market today they fizzled out, brooke, right after president obama's speech. the dow up more than 70 points before we spoke to the nation about the looming fiscal cliff. and you saw the gains slowly but surely disappear. didn't deliver anything new. that's how the market sees it. more of a call to action. investors are nervous and they're showing it. look how the dow did the past couple of days. two days, between wednesday and thursday, it fell 430 points. more than 430 points. as you can see, it's wavering all day today. you know, investors, they have been moving money into bonds. that's a safer investment. they don't feel like they want to leave their money and stocks. it's a clear sign that wall street wants to hear more and wants more clarity on the fiscal cliff. brooke, with no end in sight, it is fea
we're hearing from speaker boehner, we're hearing from the president. tell me more about how markets are reacting. >> first of all, you look at how the markets are doing, they are pretty flat. triple digit plunge made any real gains that we saw in the market today they fizzled out, brooke, right after president obama's speech. the dow up more than 70 points before we spoke to the nation about the looming fiscal cliff. and you saw the gains slowly but surely disappear. didn't deliver...
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Nov 9, 2012
11/12
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john boehner just suggested that a one-year delay. taking a live look at big board -- >>> all right. time is 8:a. let's bring you up to date on some of the other top stories we're following for you right now. yeah, we had freezing rain and hail quite. it caused a lot of traffic problems -- overnight. it caused a lot of traffic problems. a car in fremont spun out, smashed into a median on interstate 880, then an suv crashed into the first car. the driver of that car was in critical condition. >>> well, this morning at 10:05, president obama will speak, his first address since being relengthed. he will be calling on congress to take action before the end of the year to avoid what is called a fiscal cliff. automatic tax hikes and massive budget cuts. >>> hundreds of people camped out in the sacred heard community center looking for help for the holiday season. ktvu's janine de la vega is in san jose. you've been out there since 4:30. how will they be helped this time, janine? >> reporter: well, the families here will be getting toys and
john boehner just suggested that a one-year delay. taking a live look at big board -- >>> all right. time is 8:a. let's bring you up to date on some of the other top stories we're following for you right now. yeah, we had freezing rain and hail quite. it caused a lot of traffic problems -- overnight. it caused a lot of traffic problems. a car in fremont spun out, smashed into a median on interstate 880, then an suv crashed into the first car. the driver of that car was in critical...
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Nov 16, 2012
11/12
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the talks begin today with president obama only the first face-to-face talks with joan boehner. he is hosting minority leader nancy pelosi. harry reid and minority lead mitch mcconnell. he leaves for asia tomorrow and members of congress will be taking a break on the monday after thanksgiving. it will be a key day to watch. meantime, speaking of the budget government's mortgage insurance agency, they say defaults on loan during the housing bubble has resulted in more than $16 billion annual deficit. lease see how stocks are going on. pretty quiet until we get some indication what is going on in washington. we're lower across the board but just barely. bloomberg down half percent. >> what do you do with thanksgiving leftovers. they say $282 million worth of turkey will end up in the trash. wasting the food but also $105 billion of water and greenhouse gas emissions that go into getting that turkey to your table. an estimated $165 billion worth of uneaten food every year. i'm jane king. >> eric: thank you very much. >> kristen: what happened to those turkey sandwiches. >>> that is
the talks begin today with president obama only the first face-to-face talks with joan boehner. he is hosting minority leader nancy pelosi. harry reid and minority lead mitch mcconnell. he leaves for asia tomorrow and members of congress will be taking a break on the monday after thanksgiving. it will be a key day to watch. meantime, speaking of the budget government's mortgage insurance agency, they say defaults on loan during the housing bubble has resulted in more than $16 billion annual...
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Nov 12, 2012
11/12
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boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in
boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it....